6G Market To Profit From Growing Emphasis On Connectivity
The Global 6G Market is expected to reach USD 340 billion by 2040, growing at a CAGR of 58.1% during the forecast period.
According to the research reports by MRFR, the global 6G market is predicted to flourish at a healthy growth rate of approximately 58.1% to attain a size of around USD 340 Billion by the end of 2030.
6G refers to the sixth generation of wide-area wireless technology. The global market for 6G has been expanding rapidly in recent times. The primary aspect causing an upsurge in the market's growth is the growing focus on connectivity across the globe. Furthermore, the factors such
as rising demand for 6G communication, growing emphasis on connectivity,
commercialization of connectivity-dependent technologies, and rapid
urbanization & communication are also predicted to influence the market's
growth over the assessment era.
The global 6G Market has been segregated into several aspects, including end use, communication infrastructure, component, region/country, and device usage.
The global market for 6G is divided into service, software, and infrastructure/hardware based on components.
The global market for 6G is split into fixed and wireless by communication infrastructure.
Based on device use, the global market for 6G is fragmented into networking devices, IoT & edge-computing devices, mobile
devices, and Others.
Based on the end-user, the global market for 6G is split into the enterprise, industrial, consumer, and government.
The global 6G market is studied across five major regions: South America, the Middle East & Africa, Asia-Pacific, Europe, and North America.
The study reports by MRFR suggest that the Asia-Pacific region is predicted to secure the top position across the global market for 6G over the assessment era. The primary parameter supporting the regional market's growth is the growing focus on satellite communication and development across the region. Recently, China launched the world's first 6G test satellite into orbit, causing a major boost in the regional market's growth. On the other hand, 6G networks are skilled in providing high-speed network access by building a higher frequency spectrum, and high throughput satellite communication services are deployed to acquire widespread coverage in remote and isolated areas. China is believed to be causing almost half a percentage of the global 6G patent filings at present, which is considered a significant aspect that is causing a boost in the growth of the regional market.
The 6G market for the European region is predicted to overgrow over the coming years. the main factor supporting the growth of the regional market is the growing investments for developing new and innovative technologies by prominent public and private organizations for 6G technology across nations. Furthermore, aspects such as the growing emphasis of major players on R&D activities to offer smart solutions to organizations with high bandwidth and boost transmission efficiency are also predicted to influence the growth of the regional market
over the coming years.
The North American regional market for 6G is predicted to exhibit substantial growth over the assessment era, given mainly the vast presence of key players. Furthermore, the factors such as government and private sector initiatives hugely impact the quality of life for consumers; a strong focus on 6G development and increasing innovation is also likely to catalyze the growth of the regional market over the coming years.
The global market for 6G has a powerful competitive landscape. The list of prominent participants across the 6G market includes players such as Google, Apple, Intel, Microsoft, Qualcomm, AT＆T, Ericsson, Samsung Electronics, Telnyx, HPE, Ciena, LG Electronics, Cisco, Huawei, and Nokia.
October 2022- Deutsche Telekom (DT) has announced its plans to take leadership for the 6G-TakeOff research project, funded by the German Federal Ministry of Education and Research. The company described its part at the project kick-off in Darmstadt, Germany.